---
schema_version: "secwatch.filing_event.v1"
accession: "0000723646-23-000032"
form_type: "8-K"
ticker: "FRAF"
cik: "0000723646"
company_name: "FRANKLIN FINANCIAL SERVICES CORP /PA/"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:29:53.706563+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Franklin Financial Q1 net income $3.3M ($0.75 EPS) up 9.3% YoY; NIM expands to 3.41%

## Summary
- Net income $3.3M ($0.75 diluted EPS) vs $3.0M ($0.67) in Q1 2022, +9.3% net income and +11.9% EPS.
- Net interest margin 3.41% vs 2.66% YoY; net interest income $12.8M vs $10.8M.
- Deposits down $49.3M (3.2%) from year-end; borrowed $50M from Fed BTFP for liquidity.
- Adopted CECL Jan 1; provision for credit losses $592K vs $0 in prior year quarter.
- Quarterly dividend $0.32 unchanged; 8,752 shares repurchased in Q1 under 150K share plan.

## SEC filing metadata
- accession: 0000723646-23-000032
- form_type: 8-K
- ticker: FRAF
- cik: 0000723646
- company_name: FRANKLIN FINANCIAL SERVICES CORP /PA/
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723646/000072364623000032/0000723646-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723646/000072364623000032/fraf-20230425x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723646-23-000032
- JSON: https://secwatch.observer/filing/0000723646-23-000032.json
- Plain text: https://secwatch.observer/filing/0000723646-23-000032.txt

## Key facts
- Earnings Releases
  FRANKLIN FINANCIAL SERVICES CORP /PA/ reported the three months ended March 31, 2023 results: net income $3.3 million, EPS $0.75 per diluted share.
  - Period: the three months ended March 31, 2023
  - Net income: $3.3 million
  - EPS: $0.75 per diluted share
  - Result: reported results
  source text: The news release of Franklin Financial Services Corporation, dated April 25, 2023 and attached as Exhibit 99.1, announces its earnings for the three months ended March 31, 2023 and is incorporated by reference herein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723646/000072364623000032/0000723646-23-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.